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March 18, 2010
Walgreens in Wash. State: No new Medicaid patients as of April 16
Topics: Political News and commentariesIn what should be seen as a harbinger of what will become standard throughout the U.S. should Obamacare pass, Walgreens drug stores throughout the state of Washington will stop taking new Medicaid patients as of April 16, saying it loses money filling their prescriptions:
Effective April 16, Walgreens drugstores across the state won't take any new Medicaid patients, saying that filling their prescriptions is a money-losing proposition -- the latest development in an ongoing dispute over Medicaid reimbursement.Simply put, drug stores cannot stay in business when they fill Medicaid prescriptions at a reimbursement rate that costs them money, just as doctors cannot afford to treat Medicaid and Medicare patients ( and are already refusing to do so) at reimbursement rates that cost them money.The company, which operates 121 stores in the state, will continue filling Medicaid prescriptions for current patients.
In a news release, Walgreens said its decision to not take new Medicaid patients stemmed from a "continued reduction in reimbursement" under the state's Medicaid program, which reimburses it at less than the break-even point for 95 percent of brand-name medications dispensed to Medicaid patents.
In other words, good luck on finding a doctor or getting a prescription filled after Obamacare passes, if you have Medicaid or Medicare - especially after the associated $500 Billion in cuts.
Posted by Richard at March 18, 2010 6:58 AM
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